Case Studies

Jim Cremins needed a practice assessment for his Hagerstown, MD medical practice. Dr. Cremins was trying to determine whether to take the practice private. It is currently a hospital-run facility.

Dr. Cremins was referred to Healthscope and Brian King by a former colleague who understood his need for expert guidance. Healthscope reviewed the practice’s financial and production trends and rendered an opinion regarding the feasibility of taking the practice private.

Healthscope was able to offer an assessment and explanation of viable options critical to making this important decision. The financial benefits, expenses and factors in transitioning away from hospital...

Industry Tips

As hospitals continue to evolve their business models in the face of rapid health-care industry change, some have faced questions about their traditional tax-exempt status.

Last year, Morristown Medical Center in New Jersey agreed to pay $15.5 million in property tax after a judge ruled the hospital engages in some for-profit services. The hospital will now pay tax on a portion of its property used for profit-generating activities, such as retail.